State Act
56
Section 56. Restriction on amount of dividend.
The Maharashtra Co-operative Societies Act, 1960
Act no. XXIV of 19611961In forceMaharashtra (State Act)
56. Restriction on amount of dividend.— An Apex society which has purchased shares in other societies from the moneys in the Principal State Partnership Fund, and a Central society which has purchased shares in Primary societies from the moneys in the Subsidiary State Partnership Fund, shall be entitled only to such dividend on the said shares as is declared by the society concerned and is payable to other shareholders of that society.